^H^^M y2 ^B Cash Deficit - treasury.gov · Sep Oct % 20 18 16 14 12 10 8 October 28, 1980-14. 1974 1975 Office of the Secretary of theTreasury ... Pension Fds. IllOther Com'I Banks

$Bil50

TREASURY FINANCING REQUIREMENTSJuly - September 1980 $Bil.

50

40

30

20

10

0

Uses 471/4 Sourcesbov t Acct Investment |K^9| ^jjg^lSpecial Issues-!/

—

Coupon .^^^HMaturities HHH

V4 HMMHHi CouponHLIm" Refundings

—

Nonmarketables ^^^H

•^H y2^^M Savings Bonds^^M and Other

H

^B4Cash Deficit

E^H| Increase inI^H Cash Balance

Net Market tBPfjMBorrowing tBjjjliS

±1 Net of Vi billion maturities other than special issues.

40

30

20

10

0

Officeof the Secretary of the TreasuryOffice of Government Financing

October 28, 1980-19

$Bil.

60

50

40

30

20

10

0

TREASURY FINANCING REQUIREMENTSOctober - December 1980

Uses

Redemptions ofSpecial Issues •

— Coupon Maturities t

y2ForeignNonmarketables

I Cash Deficit

55V4

Sources

4 Gov't Account Sales

4 Coupon Refundings

y4 Savings Bonds—.and Other

Net Market | 25V4 <Borrowing

Decrease inCash Balance v

ii Assumes $15 billion December 31, 1980 cash balance.

$Bil.

60

50

40

30

20

10

0

Office of the Secretary of the TreasuryOffice of Government Financing

October 28, 1980-20

TREASURY OPERATING CASH BALANCESemi-Monthly

Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.1980


1979October 28, 1980-12

$Bil.

20

10

0

-10

23.9

17.5

16.1

I

fl

24.7

TREASURY NET MARKET BORROWING^Calendar Year Quarters

22.8

COUPONS

111Over 10 yrs.^0-10 yrs.

BILLS

1Li

19.4

17.1

14.214.8

13.3

16.1

ill ill!

10.8 10.6

limniillII

-3.9

J_ _L

I—0.3

J_

I—0.1

28.2

I II III IV I II III IV I II III IV I II III IV I II III IV I II III IVe

1975 1976 1977 1978 1979 1980

J/ Excludes Federal Reserve and Government Account Transactions.

e estimate

$Bil.

20

10

0

-10

Off ice of the Secretary of the TreasuryOffice of Government Financing October 28, 1980-6

TREASURY NET BORROWING FROM NONMARKETABLE ISSUES

•10

I II III IV II III IV I II III IV I

1975 1976 1977


e estimate

IV I

1978

II III IV

1979

--10

I II III IVe

1980

October 28, 1980-5

QUARTERLY CHANGES IN FOREIGN AND INTERNATIONALHOLDINGS OF PUBLIC DEBT SECURITIES

I II III IV

1975


1976 1977

III IV

1978

\] F.R.B. Purchases of marketable issues as agents for foreign andinternational monetary authorities for new cash.

2/ Partly estimated.

III IV

1979

II III2/

1980

October 28, 1980-4

CUMULATIVE NET CASH FLOW IN SAVINGS BONDS u$Bil.UN.

0

-2

\^-^ 1978

\ 1979 *\

—

-4

t \ ~^- —

-6

\ —

-8

^^^^^^ 1980e :10

I I I I I I I I I I I I iM N

0

-2

-4

-8

-10


M J J fi

Month of year-VCash sales less redemptionse October partly estimated. October 28, 1980-13

%

20-

18-

1974 1975


SHORT TERM INTEREST RATESMonthly Averages

1976 1977 1978 1979

# j ThroughIf October

24

%

20

18

16

14

12

10

8

-6

1980

October 28, 1980-15

8

6-

SHORT TERM INTEREST RATESWeekly Averages

:—*•'%"\V „.————•*••

•"*•.. / Commercial Paper

Jan Feb Mar Apr May Jun

1980

Jul Aug


Week endingOctober 22, 1980

Sep Oct

%

20

18

16

14

12

10

8

October 28, 1980-14

1974 1975


LONG MARKET RATESMonthly Averages

1976 1977 1978 1979 1980

October 28, 1980-17

INTERMEDIATE AND LONG MARKET RATESWeekly Averages


May June

1980

October 28,1980-16

%

17

16

15

14

v~\


MARKET YIELDS ON GOVERNMENTSBid Yields

March 24, 1980

"/or-IS

12

11

rj—_l_j_—i—r

•i i r I I

•&>—|70-113 —

12

11

10w * 10K................... ~10 —^^^ 91—i—I i I I I i I i I i I I I I Q

^^^^ 10 12 14 16 18 20 22 24 26 28 30

4 5 6

Years to Maturity

%

17

16

15

14

13

12

11

10

9

8

7

6

October 28, 1980-9

NEW MONEY FROM NONCOMPETITIVE BIDS INTREASURY BILL AUCTIONS AND AVERAGE AUCTION YIELDS

$Mil

—600


Apr. May Jun.

1980 Auction Dates

^ Discount basis.

* New money is the difference between noncompetitive bids on thenew issues and maturing bills previously bid noncompetitively. October 28, 1980-2

100%

80 I

60

40

20

0Rate(%) 9

Length(yrs) 1 5

PERCENT DISTRIBUTION OF ALLOTMENTSIN TREASURY BOND AUCTIONS

1•

—

%

ii i

i

8% 9 9y8 8% 91/a 10y8 103/8 101/2 11% 12% 10 10% 10%

30 15 30 15 30 15 30 15 30 15 30 15 30

1979_ 1980HI Dealers Insurance Cos.! Pension Fds. Ill Other

Com'I Banks V/A Corporations 111! Individuals

-100%

80

60

40

20

0

Office of the Secretary of the TreasuryOffice of Government Financing October 28, 1980-21

$Bil.

450

400-

350

300

250

200

150

100

50

0

PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBTBY MATURITY

COUPONS

Over 10 years

7-10 years

E^ 2-7 years32 years & under

BILLS

September 30, 19801

1970 1971 1972 1973 1974 1975 1976

As of December 31

1977 1978 1979

463.7

t48.6

_i_17.3

98.0

144.1

155.7


October 28, 1980-3

Years

5

AVERAGE LENGTH OF THE MARKETABLE DEBTPrivately Held

3-

—

January 1976"** \ a . 2Years

•V/y^iy 45 Months^

%ij

September 19803 Years9 Months

\

1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979

Office of the Secretary of Hit TreasuryOffice of Government Financing

October 28. 1980-1

$Bil.

900-

800

700

600

500

400

300

200

100

TRADING VOLUME AND OPEN INTEREST IN 90 DAY

TREASURY BILL FUTURES CONTRACTS17

OPEN INTEREST

I II III IV I II III IV

1976 1977

II III IV I II III IV I II III

1978 1979 1980

EgS? nnnI II III IV

1976II III IV1977

TRADING VOLUME

II III IV1978

I II III IV1979

^ Contracts traded on the International Monetary Market (IMM).

I II III1980

$Bil.

900

800

700

600

500

400

300

H200

100

Office of the Secretary of the TreasuryOffice of Government Financing October 28,1980-8

$Bil.

3

0

DELIVERABLE BILLS AND DELIVERIES ON 90 DAYTREASURY BILL FUTURES CONTRACTS^

6 mo.

3 mo.

Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep1976 1977 1978 1979 1980

J/Contracts traded on the International Monetary Market(IMM).i/Consists of the amount of accepted competitive tenders for the new

3 month bill and the 6 month bill issued 3 months earlier. October 28.19807Office of the Secretary of the TreasuryOffice of Government Financing

$Bil.

3

0

OWNERSHIP OF MATURING COUPON ISSUESOctober 1980 - March 1981^

(In Millions of Dollars)

Maturing IssuesTotal

PrivatelyHeld

CommercialBanks

Savings Institutions State &Local

GeneralFunds

Corporations

OtherPrivate

DomesticHolders

ForeignLong-term 11

Investors

Intermediate-term ?/

Investors

3 1/2% Bd. 11/15/80

7 1/8% Nt. 11/15/80

9 1 /4% Nt. 11 /30/80

5 7/8% Nt. 12/31/80

9 7/8% Nt. 12/31/80

9 3/4% Nt. 1 /31 /81

7% Nt. 2/15/81

7 3/8% Nt. 2/15/81

9 3/4% Nt. 2/28/81

6 7/8% Nt. 3/31/81

9 5/8% Nt. 3/31 /81

1128

3790

2830

2654

2989

2647

1258

3671

2461

2562

2783

47

791

405

456

406

413

382

950

635

445

476

67

18

9

14

3

3

19

23

9

9

10

94

229

111

279

109

74

161

417

124

175

75

78

137

62

141

67

87

20

121

63

126

55

34

198

65

354

28

109

65

151

21

181

52

808

1665

1549

1096

1647

1474

604

1668

1213

936

1193

752

629

314

729

487

7

341

396

690

922

TOTAL 28,773 5406 184 1848 957 1258 13,853 5267


U Amounts for investor classes are based on the August 1980 Treasury Ownership Survey.

2/ Includes State and local pension funds and life insurance companies.

31 Includes casualty and liability insurance companies, mutual savings banks, savings and loanassociations, and corporate pension trust funds.

October 28, 1980-18

TREASURY MARKETABLE MATURITIESPrivately Held, Excluding Bills and Exchange Notes

$Bil.

6

4

2

0

6

4

2

0

6

4

2

0

6

4

2

0

4

2

0

1980

e!o 6-4704.0^4.0 4.0K33.9

5.8

14.5

I

I

2.9

1983 6£5.2

1 Jzi.ofc

2.4

2.3 ?.5

1984 I3.2 3^ 3.0

49 E35.6

J2.8 1

2.7

2.5

JFMAMJJASOND

HSecurities issued prior to 1978New issues calendar year 1978


$Bil.

6

2 -

ol—

8

6

4 -

2

0

4

2

0

2

0

4

2

0

2.8

4.6

VA

6.0

4.1

I2.0

1985 6 4

3.1

19867.5

.3

1987

1.8

-

2 4 1988

g I2.3

2- 1.4•

0

2.2

19893.8

1990 2.6

JFMAMJ JASOND

]New issues calendar year 1979| Issued orannounced through October 24, 1980

October 28, 1980-10

1.9

2.9

1.8

22

I

TREASURY MARKETABLE MATURITIESPrivately Held, Excluding Bills and Exchange Notes

$Bil

2.7mn

.5

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2.8

2.2

2

1.5

0

2.5

e

1.3

1.5

1.5

m

.9

4-

2-

2.7

I

1.8

2.0

3.9

1

2001

2002

2003

2004

2005

2006

2007

2008

2009

19 2010

1.4

1.2

3.6

3.4

$Bil.2

0

4

2

04

2

0

4

2

0

2

02

02

0

2

0

2

04

2

0

J FMAMJ JASOND JFMAMJJ ASOND

Office of the Secretary of the TrenwyOffice of Government Financing

Securities issued prior to 1978

New issues calendar year 1978

INew issues calendar year 1979| Issued orannounced through October 24, 1980

October 28, 1980-11

$Bil.

3

2

1

0

NET NEW MONEY IN AGENCY FINANCE, QUARTERLYPrivately Held

$Bil.4

3

2

.1 • -_

FNMA

mlliJ1.1"

*

O

4-

3-

2-

1-

n *..il

FHLB*

llllmlli:j-

*

I II III IV I II HI IV I II III IV I II III IV I II III IV

1976 1977 1978 1979 1980

* Less than $50 miion.

111!h.

FCA

i.i. IlllliGNMAMortgage BackedSecur ties

I II III IV I II III IV I II III IV I II IH IV I II III6 IV

1976 1977 1978 1979 1980

e Partly estimated.


J/ Includes FHLB dtecount notes, bonds, and FHLMC certificates,mortgage-backed bonds, and mortgage participation certificates. October 28.1980-22

$Bil.16

14

12

10

8

6

4

2

0

4

2

198014.7

5 21984

1981

12.7

1985

2.4

I

4-|23.8

II 1.4

I

AGENCY MATURITIES^

1982

1986

2.6

I..I

Privately Held$Bil.

1983

5£4.8 4.8

1987

1.2

li

2-11.9

III N III IV I II III IV I II III IV I II III IV

1988

i.oU]*

1989

& .4 .4

1990

8 6• mA

1991

3 • ••

1992

2 .2 .1

1993

.3

1994 1995

.1

~_ 1996 19971.1

• -£»

1998

.1 2 .2 .1

1999

A^

I 2000 2001

.1

2002

.2

2003

I 2004 2005

£. A

2006

J. A

2007

.3 .2

Z 2008

.3 .3

2009 2010 2011

I 2012

.5

2013

.2

2014

.2

2015

I II III IV I II III IV I II III IV I II III IV

Office of the Secretary of the TreasuryOffice of Gonernment Financing

Calendar Years Quarterlyif Issued or announced through September 30, 1980.

October 28.1980-23

Documents

^H^^M y2 ^B Cash Deficit - treasury.gov · Sep Oct % 20 18 16 14 12 10 8 October 28, 1980-14. 1974 1975 Office of the Secretary of theTreasury ... Pension Fds. IllOther Com'I Banks